2nd Annual Awards Program Recognizes Real-World Implementations Delivering ROI and Advancing the Value of GRC Strategy, Process, and Technology.
TraceSecurity, a leading provider of cloud-based IT Governance, Risk and Compliance (GRC) solutions, today announced that TraceCSO has been honored with a 2014 GRC Value Award in the IT GRC Management category by GRC analyst firm GRC 20/20. The 2nd annual GRC Value Awards recognize real-world implementations for Governance, Risk Management and Compliance programs and processes that have returned significant and measurable value to an organization.
“TraceSecurity has demonstrated proven business value in IT GRC management with its cloud-based software solution, TraceCSO”
Award recipients will be written up and acknowledged in the GRC 20/20 blog at: http://www.grc2020.com/index.php/blog. Solution providers and GRC practitioners were evaluated in the following categories:
- Audit Management
- Compliance Management
- Enterprise GRC Platform
- GRC Architecture & Integration
- Identity & Access Management
- Internal Control Management
- Issue Reporting & Management
- IT GRC Management
- Policy & Training Management
- Risk Management
- Strategy & Performance Management
- Third Party Management
“TraceSecurity has demonstrated proven business value in IT GRC management with its cloud-based software solution, TraceCSO,” said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert. “It is imperative that we recognize today’s successes as a milestone toward advancing GRC maturity. In achieving maturity, GRC is part of the organization’s strategy and operations and supported by a range of technology, knowledge and services – enabling the organization to achieve greater efficiency, effectiveness, and agility in GRC processes and broader business operations.”
Understanding and managing IT governance, risk management, and compliance (IT GRC) in today’s environment requires a new paradigm in managing interconnections and relationships. What may seem as an insignificant IT risk in one area can have profound impact on other risks and cause compliance issues. One credit union that GRC 20/20 has researched, struggled with decentralized processes and documents for managing IT security, risk management, and compliance. The credit union evaluated their options and looked at IT GRC solutions to assist them with this problem. The result of their evaluation led them to engage and deploy TraceCSO from TraceSecurity, a Software as a Service (SaaS) solution that the credit union found easy to engage and deploy to meet the range of their IT GRC needs. GRC 20/20 has evaluated and verified the implementation of TraceCSO at this particular credit union and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized TraceCSO with a 2014 GRC Value Award in the domain of IT GRC. TraceCSO gave them the ability to measure, identify and remediate issues across processes and operations more efficiently and at a much lower operational cost.
“TraceCSO allows organizations to realize significant cost and time savings because of its integrated information architecture delivered through the cloud,” said Peter Stewart, president and CEO of TraceSecurity. “TraceCSO empowers our customers to be proactive in their security initiatives while automating and streamlining how day-to-day processes are managed. TraceSecurity customers and this prestigious award are proof that we are on the right track to completely disrupt the IT GRC market by finally providing a solution that simplifies information security and compliance management for not only the largest enterprises but also small and medium-sized enterprises.”
Join TraceSecurity and Chief GRC Pundit, Michael Rasmussen, November 5th for an interactive webinar that will explore the complexities that continue to hinder IT GRC within organizations and learn the value that a simplified approach to IT GRC management can bring. The webinar will feature the winning case study and explain how one financial institution is using TraceCSO, on average, to reduce dedicated resources to IT GRC management by 100 hours per week and to realize a total cost savings across human as well as financial capital by $500,000 each year. Click here to register now and save your space.
Click here to download your copy of the complete GRC 20/20 and TraceCSO case study.
TraceCSO is the industry’s first cloud solution for a holistic and risk-based information security program that delivers comprehensive visibility and accountability for improved risk and compliance profiles across all areas of an organization. TraceCSO allows organizations of any size, industry or security skill set to evaluate, create, implement and manage a comprehensive risk-based information security program, to protect their organizations from today’s top information security risks.
source : businesswire.com